- Major intraday resistance -$1363 (21 H MA)
- Major intraday support - $1352 (trend line joining $1338 and $1343).
- The yellow metal has taken support near trend line and slightly recovered from that level. It is currently trading around $1355.
- On the higher side , the yellow metal is facing minor resistance is around $1363 (21 HMA) and any break above will take the gold to next immediate resistance at $1370/1375 (Jul 6th 2016 high).
- Any break below trend line support at $1350 will drag the gold down till $1338/$1331 (61.8% of $1305 and 1375)/$1325..
It is good to sell below $1350 with SL around $1362 for the TP of $1338/$1325
